Artists are eligible for the prestigious honor, 25 years after the release of their first recording, and the inductees are voted on by 800 members of the Rock and Roll Hall of Fame Foundation, as well as the aggregate results of the Rock and Roll Hall of Fame’s online fan vote.

This year's inductees will be celebrated at the annual Rock and Roll Hall of Fame induction ceremony on April 8 at New York City’s Barclays Center.

Here are the five artists joining the Rock and Roll Hall of fame in 2016:

Artists Bun E. Carlos, Rick Nielsen, Tom Petersson and Robin Zander will be honored for their contribution to the music industry as the band Cheap Trick. The rock group produced hits such as "I Want You To Want Me," "Surrender," and "The Flame."

Chicago has produced such hits as "Does Anybody Really Know What Time It Is?” and "Make Me Smile." According to the Rock and Roll Hall of Fame, the band has over 21 Top 10 singles, 5 consecutive Number One albums, 11 Number One singles.

N.W.A. members Eazy-E, Dr. Dre, Ice Cube, MC Ren and DJ Yella will be inducted for their contributions and heavy influence on hip hop. The "Straight Outta Compton" rappers have collectively sold over a hundred million records over the last 29 years.

Ice Cube reacted to the news of his induction on Twitter today, and expressed his gratitude for all of the well wishes he's received since the news broke.

Thank you to all the people hitting me up about the Rock n Roll Hall of Fame. I celebrate this win with U. Pop one or smoke one for ya boy.